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Al-Ahram Weekly
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Egypt
6/1/2023 12:28:00 AM
Egypt’s parliament has approved a new package of tax reforms aimed at increasing revenues.
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Business
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Economy
5/29/2023 4:13:04 PM
Egypt's parliament – the House of Representatives – approved Monday new amendments to the Income Tax Law no.91/2005 to raise annual income tax exemption to EGP 36,000 up from EGP 24,000.
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Egypt
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Politics
5/28/2023 5:54:32 PM
Egypt's parliament – the House of Representatives – provisionally approved Sunday legislative amendments to three laws stipulating new tax and fee hikes on a number of imported goods and entertainment activities despite being rejected by six political parties.
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Egypt
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Politics
5/24/2023 9:54:54 PM
The House of Representative’s Budget Committee approved on Wednesday proposed amendments to the Resource Development Law 147/1984, stipulating new departure fee from the country, with a reduced one for certain tourists and exemptions for the diplomatic corps.
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Egypt
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Politics
5/24/2023 9:13:15 PM
The House of Representatives' Budget Committee approved Wednesday amendments to the Entertainment Tax Law, stipulating new taxes on a host of activities including going to see foreign movies at cinemas, holding parties in social clubs, as well as animals and safari shows.
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Business
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Energy
5/23/2023 9:02:15 PM
Russian energy giant Gazprom, whose gas exports have plummeted in the wake of the Ukraine conflict, said Tuesday its net profit fell by 41 percent last year due to a tax increase.
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Business
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Economy
5/23/2023 11:51:53 AM
Egypt and Oman signed Monday an agreement to prevent double taxation and a MoU to foster bilateral cooperation in financial policies and developments, during Sultan of Oman Haitham bin Tariq’s first visit to Egypt.
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Al-Ahram Weekly
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Egypt
5/21/2023 10:35:00 AM
Experts explain lessons learned from the initiative allowing expats to import tax-free cars
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World
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International
5/18/2023 6:29:53 PM
Queen Elizabeth II's state funeral and related events following her death last September cost UK taxpayers nearly £162 million ($201 million), the government revealed on Thursday in its first public estimate.
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Business
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Economy
5/18/2023 3:40:48 PM
Egypt has amended the Value Added Tax (VAT) Law to facilitate procedures for waiving VAT taxes on machines and equipment imported for production, according to a statement by the Ministry of Finance on Thursday.
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Business
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Economy
5/11/2023 12:01:44 AM
The Egyptian government approved a draft decree during its weekly meeting on Wednesday exempting travellers who bring gold from customs duties and other fees -- except value-added tax (VAT) -- for a period of six months.
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Business
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Economy
5/10/2023 10:47:10 PM
The Egyptian cabinet approved in its weekly meeting on Wednesday an agreement between Egypt and Qatar that aims to eliminate double taxation on income taxes and prevent tax evasion and avoidance.
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Business
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Economy
5/8/2023 12:59:27 PM
Egypt’s initiative enabling citizens outside the country to import cars free of customs duties and taxes has brought in $713 million in transfers since its launch in October 2022, or nearly 30 percent of its original target, according to figures released by Minister of Finance Mohamed Maait on Monday.
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Business
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Economy
4/4/2023 4:57:51 PM
The Egyptian Tax Authority (ETA) has announced plans to open a USD banking account in order to facilitate the collection of taxes from foreign companies in US dollars, ETA Head Mokhtar Tawfik announced on Tuesday.
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World
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International
3/28/2023 3:30:34 PM
French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said.
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World
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Africa
3/23/2023 11:22:45 AM
Hempstone Monari's taxi business was just getting going when the wheels fell off his financial future and a Kenyan bank auctioned off his car over the non-payment of a $9,900 loan.
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Al-Ahram Weekly
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Egypt
3/21/2023 8:38:36 PM
The government has introduced new income-tax exemptions and allowances as part of efforts to mitigate the effects of rising prices, reports Nahla Abul-Ezz
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Business
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Economy
3/19/2023 7:15:03 PM
Egypt’s President Abdel-Fattah El-Sisi gave his directives to raise annual income tax exemption to EGP 36,000 from EGP 24,000, the Egyptian Presidency announced.
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World
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International
3/15/2023 6:27:13 PM
Teachers, London Underground train drivers, and civil servants joined striking doctors Wednesday in a mass stoppage as Britain's finance minister unveiled his tax and spending plans.
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World
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International
3/9/2023 8:37:20 PM
US President Joe Biden's budget blueprint released Thursday proposes cutting deficits by nearly $3 trillion in the next decade along with a minimum tax on the wealthiest, an announcement seen as a build-up to his reelection pitch.
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